Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 31 - Money and Finance: Treasury |
Subtitle B - Regulations Relating to Money and Finance |
Chapter V - Office of Foreign Assets Control, Department of the Treasury |
Part 501 - Reporting, Procedures and Penalties Regulations |
Subpart D - Trading With the Enemy Act (TWEA) Penalties |
§ 501.708 - Director's finding of no penalty warranted.
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§ 501.708 Director's finding of no penalty warranted.
If after considering any written response to the Prepenalty Notice submitted pursuant to § 501.707 and any other relevant facts, the Director determines that there was no violation or that the violation does not warrant the imposition of a civil monetary penalty, the Director promptly shall notify the respondent in writing of that determination and that no civil monetary penalty pursuant to this subpart will be imposed.